Period
to

The following table provides summary statistics for permanent job vacancies with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 14 August 2022 with a comparison to the same period in the previous 2 years.

Backtesting
UK
6 months to
14 Aug 2022
Same period 2021 Same period 2020
Rank 1147 943 729
Rank change year-on-year -204 -214 +353
Permanent jobs citing Backtesting 69 66 40
As % of all permanent jobs advertised in the UK 0.041% 0.057% 0.064%
As % of the Processes & Methodologies category 0.043% 0.061% 0.069%
Number of salaries quoted 40 50 38
10th Percentile £100,000 £85,000 £70,000
25th Percentile £102,500 £86,250 £80,000
Median annual salary (50th Percentile) £120,000 £122,500 £81,250
Median % change year-on-year -2.04% +50.77% +1.56%
75th Percentile £152,500 £133,125 £135,000
90th Percentile £165,000 £134,625 £154,500
UK excluding London median annual salary £42,250 £165,000 -
% change year-on-year -74.39% - -

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 160,513 108,806 57,948
As % of all permanent IT jobs advertised in the UK 95.75% 94.08% 93.13%
Number of salaries quoted 83,436 73,662 47,052
10th Percentile £34,211 £32,500 £32,500
25th Percentile £45,000 £42,500 £41,250
Median annual salary (50th Percentile) £60,000 £55,750 £55,000
Median % change year-on-year +7.62% +1.36% +4.76%
75th Percentile £80,000 £75,000 £73,750
90th Percentile £97,290 £92,500 £90,000
UK excluding London median annual salary £52,500 £50,000 £47,500
% change year-on-year +5.00% +5.26% +5.56%

Backtesting
Job Vacancy Trend

Job postings citing Backtesting as a proportion of all IT jobs advertised.

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

3-month moving average salary quoted in jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

Salary distribution for jobs citing Backtesting over the 6 months to 14 August 2022.

Salary histogram for Backtesting in the UK

Backtesting
Top 8 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting within the UK over the 6 months to 14 August 2022. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England -167 67 £120,000 -2.04% 2
London -182 62 £122,500 - 2
Work from Home -184 34 £120,000 +23.08%
UK excluding London -87 4 £42,250 -74.39%
Midlands -49 2 £42,250 -74.39%
West Midlands - 2 £42,250 -
Northern Ireland - 1 - -
Scotland - 1 - -

For the 6 months to 14 August 2022, IT jobs citing Backtesting also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads with a requirement for Backtesting.

1 48 (69.57%) Python
2 45 (65.22%) Finance
3 41 (59.42%) C++
4 40 (57.97%) Analytics
5 36 (52.17%) Computer Science
6 35 (50.72%) Mathematics
7 30 (43.48%) Software Engineering
8 22 (31.88%) Hedge funds
9 21 (30.43%) Machine Learning
10 20 (28.99%) Java
10 20 (28.99%) React
11 19 (27.54%) C#
11 19 (27.54%) Equities
11 19 (27.54%) Physics
11 19 (27.54%) JIRA
12 18 (26.09%) Data Analytics
12 18 (26.09%) Agile
13 17 (24.64%) Data Science
14 16 (23.19%) Algorithms
14 16 (23.19%) Algorithmic Trading
15 15 (21.74%) Greenfield Project
16 13 (18.84%) MATLAB
16 13 (18.84%) Statistics
17 12 (17.39%) TDD
17 12 (17.39%) Games
17 12 (17.39%) Workflow
17 12 (17.39%) Degree
17 12 (17.39%) Visualisation
17 12 (17.39%) Continuous Integration
17 12 (17.39%) Git (software)

Backtesting
Co-occurring IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (4.35%) Confluence
Cloud Services
1 3 (4.35%) Amazon EMR
1 3 (4.35%) AWS
1 3 (4.35%) Power Platform
1 3 (4.35%) Slack
Database & Business Intelligence
1 11 (15.94%) Big Data
2 3 (4.35%) Amazon QuickSight
2 3 (4.35%) Delta Lake
2 3 (4.35%) MongoDB
2 3 (4.35%) NoSQL
2 3 (4.35%) Power BI
2 3 (4.35%) Tableau
2 3 (4.35%) Tick Data
3 1 (1.45%) Relational Database
Development Applications
1 19 (27.54%) JIRA
2 12 (17.39%) Bitbucket
2 12 (17.39%) Git (software)
2 12 (17.39%) Jenkins
3 8 (11.59%) Selenium
4 3 (4.35%) GCC
General
1 45 (65.22%) Finance
2 12 (17.39%) Games
3 11 (15.94%) Banking
4 10 (14.49%) Analytical Skills
4 10 (14.49%) Front Office
5 4 (5.80%) Financial Institution
5 4 (5.80%) Legal
5 4 (5.80%) Local Government
5 4 (5.80%) Social Skills
6 3 (4.35%) Investment Banking
Job Titles
1 42 (60.87%) Developer
2 22 (31.88%) Quantitative Developer
3 18 (26.09%) C++ Developer
4 17 (24.64%) Software Engineer
5 14 (20.29%) Python Engineer
6 11 (15.94%) Python Developer
7 10 (14.49%) C++ Software Developer
7 10 (14.49%) C++ Software Engineer
7 10 (14.49%) Developer/Software Engineer
7 10 (14.49%) Python Software Engineer
8 8 (11.59%) Programmer
8 8 (11.59%) Python Programmer
9 7 (10.14%) Data Engineer
9 7 (10.14%) Java Developer
9 7 (10.14%) Senior Data Engineer
10 6 (8.70%) Test Leader
11 5 (7.25%) Java Quantitative Developer
11 5 (7.25%) Senior C++ Developer
11 5 (7.25%) Senior Developer
12 4 (5.80%) Senior Programmer
Libraries, Frameworks & Software Standards
1 20 (28.99%) React
2 12 (17.39%) Plotly
3 8 (11.59%) AngularJS
3 8 (11.59%) Beautiful Soup
4 7 (10.14%) TensorFlow
5 5 (7.25%) .NET
6 4 (5.80%) Keras
6 4 (5.80%) Pandas
7 3 (4.35%) Boost C++ Libraries
7 3 (4.35%) NumPy
7 3 (4.35%) PyTorch
7 3 (4.35%) SciPy
7 3 (4.35%) STL
8 1 (1.45%) Flask
8 1 (1.45%) REST
8 1 (1.45%) RESTful
Miscellaneous
1 22 (31.88%) Hedge funds
2 19 (27.54%) Equities
3 16 (23.19%) Algorithms
4 15 (21.74%) Greenfield Project
5 10 (14.49%) Cloud Native
6 8 (11.59%) Foreign Exchange (FX)
7 7 (10.14%) User Experience
8 6 (8.70%) Fixed Income
9 3 (4.35%) Blockchain
9 3 (4.35%) FPGA
9 3 (4.35%) Legacy Code
10 2 (2.90%) Derivative
11 1 (1.45%) Credit Risk
11 1 (1.45%) Market Risk
Operating Systems
1 9 (13.04%) Linux
2 3 (4.35%) Red Hat Enterprise Linux
3 1 (1.45%) Unix
3 1 (1.45%) Windows
Processes & Methodologies
1 40 (57.97%) Analytics
2 36 (52.17%) Computer Science
3 35 (50.72%) Mathematics
4 30 (43.48%) Software Engineering
5 21 (30.43%) Machine Learning
6 19 (27.54%) Physics
7 18 (26.09%) Agile
7 18 (26.09%) Data Analytics
8 17 (24.64%) Data Science
9 16 (23.19%) Algorithmic Trading
10 13 (18.84%) Statistics
11 12 (17.39%) Collaborative Working
11 12 (17.39%) Continuous Improvement
11 12 (17.39%) Continuous Integration
11 12 (17.39%) Data Visualisation
11 12 (17.39%) Mentoring
11 12 (17.39%) SDLC
11 12 (17.39%) TDD
11 12 (17.39%) Visualisation
11 12 (17.39%) Workflow
Programming Languages
1 48 (69.57%) Python
2 41 (59.42%) C++
3 20 (28.99%) Java
4 19 (27.54%) C#
5 13 (18.84%) MATLAB
6 7 (10.14%) Scala
6 7 (10.14%) SQL
7 4 (5.80%) R
8 3 (4.35%) C
8 3 (4.35%) JavaScript
8 3 (4.35%) Rust
Qualifications
1 12 (17.39%) Degree
2 7 (10.14%) Computer Science Degree
3 4 (5.80%) PhD
4 2 (2.90%) Master's Degree
Quality Assurance & Compliance
1 2 (2.90%) QA
Vendors
1 4 (5.80%) Charles River
2 3 (4.35%) Bloomberg
2 3 (4.35%) Databricks
2 3 (4.35%) FactSet
2 3 (4.35%) Red Hat